2026-04-23T06:32:45-05:00 2025-12-31 420714325 RSM US LLP 227 WEST FIRST STREET SUITE 700 DULUTH MN 55802 990PF 2025-01-01 416331441 ARSHER CHARITABLE TRUST ARSH 2182621023 605 W 37TH STREET HIBBING MN 55746 JOHN N NYS TRUSTEE 2182621023 2026-04-22 1 JULIE BOYER P01278549 2187275025 2026-04-22 2025 2025-03-06 01:10:19Z X 19164300 X X 19 19 567296 567296 547379 3607914 547379 774 774 1115468 1115468 5900 201 5699 620 0 620 9742 0 9742 61556 56931 4625 23652 9735 0 25 0 25 101495 66867 20711 838500 838500 939995 66867 859211 175473 1048601 343433 607983 607983 1476960 1261649 1282633 5664333 5602706 11915888 3848858 4062565 4101725 696368 670132 1256071 12029952 12205035 19164300 0 0 X 12029952 12205035 0 0 0 0 12029952 12205035 12029952 12205035 12029952 175473 0 12205425 390 12205035 PUBLICLY TRADED SECURITIES - ST P 161755 193768 -32013 -32013 PUBLICLY TRADED SECURITIES - LT P 3420295 2865964 554331 554331 CAPITAL GAIN DISTRIBUTION P 25864 25864 25864 WRITE OFF OF PLAIN SIGHT SYSTEMS INVESTMENT P 803 -803 -803 547379 14576 0 14576 0 14576 16520 0 0 0 16520 X 9 1935 1935 0 0 0 0 0 0 0 0 0 0 0 1 1 MN 1 0 0 0 0 1 N/A JOHN N NYS 2182621023 605 W 37TH STREET HIBBING MN 55746 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JOHN N NYS 605 W 37TH STREET HIBBING MN 55746 TRUSTEE 1.00 2525 0 0 RANA R PORTER 605 W 37TH STREET HIBBING MN 55746 TRUSTEE 1.00 0 0 0 KENT D RHUDE 605 W 37TH STREET HIBBING MN 55746 TRUSTEE 1.00 3375 0 0 CARY J RHUDE 605 W 37TH STREET HIBBING MN 55746 TRUSTEE 1.00 0 0 0 SALLY A PERNAT 605 W 37TH STREET HIBBING MN 55746 TRUSTEE 1.00 0 0 0 JOAN RHUDE 605 W 37TH STREET HIBBING MN 55746 TRUSTEE 1.00 0 0 0 NONE 0 NONE 0 0 17851486 348197 11447 18211130 0 0 18211130 273167 17937963 896898 896898 14576 14576 882322 0 882322 0 882322 859211 0 859211 882322 0 0 29723 560 52563 82846 859211 0 0 0 859211 0 23111 23111 59735 0 0 0 0 0 0 6612 53123 560 52563 X ADVOCATES FOR FAMLIY PEACE 820 9TH ST N VIRGINIA MN 55792 N/A PC GENERAL SUPPORT 13000 CARING BRIDGE PO BOX 6032 ALBERT LEA MN 560076632 N/A PC GENERAL SUPPORT 2500 CENTRAL MESABI MEDICAL FOUNDATION 750 EAST 34TH ST HIBBING MI 55746 N/A PC GENERAL SUPPORT 7500 CHILDREN'S MINNESOTA FOUNDATION MAIL STOP CBC-3-FOUN 5901 LINCOLN DR EDINA MN 55436 N/A PC GENERAL SUPPORT 5000 CHISHOLM FOOD SHELF 208 WEST LAKE STREET CHISHOLM MN 55719 N/A PC GENERAL SUPPORT 5000 CHUM 102 WEST 2ND STREET DULUTH MN 55802 N/A PC GENERAL SUPPORT 10000 CRAIG FOUNDATION 3425 S CLARKSON ST ENGLEWOOD AZ 80113 N/A PC GENERAL SUPPORT 5000 DAMIANO CENTER 206 W 4TH ST 214 DULUTH WI 55806 N/A PC GENERAL SUPPORT 10000 EPILEPSY FOUNDATION OF MICHIGAN 25200 TELEGRAPH ROAD 110 SOUTHFIELD MI 48033 N/A PC GENERAL SUPPORT 2500 FAIRVIEW RANGE HOMECARE & HOSPICE 750 E 34TH ST HIBBING CA 55746 N/A PC GENERAL SUPPORT 15000 FAITH EVANGELICAL LUTHERAN CHURCH 800 WACONIA PARKWAY NORTH WACONIA MN 55387 N/A PC GENERAL SUPPORT 5000 FIRST LUTHERAN CHURCH 2201 3RD AVE E HIBBING MN 55746 N/A PC GENERAL SUPPORT 100000 GRACE LUTHERAN CHURCH 509 9TH STREET NW CHISHOLM MN 55719 N/A PC GENERAL SUPPORT 5000 HIBBING COMMUNITY COLLEGE FOUNDATION 1515 E 25TH ST HIBBING MN 55746 N/A PC GENERAL SUPPORT 5000 HILLSIDE SCHOOL AND LEARNING CENTER 4331 OAK GROVE DR LA CANADA FLINTRIDGE MN 91011 N/A PC GENERAL SUPPORT 5000 IMMANUEL LUTHERAN CHURCH 22555 ELM STREET CORNUCOPIA CO 54827 N/A PC GENERAL SUPPORT 13000 LIGHT THE WAY LUTHERAN CHURCH 8611 N SILVERBELL ROAD TUCSON MN 85743 N/A PC GENERAL SUPPORT 20000 LIGHTHOUSE CENTER FOR VITAL LIVING 309 WEST 1 ST ST DULUTH MN 55802 N/A PC GENERAL SUPPORT 13000 LUTHERAN SOCIAL SERVICE OF MINNESOTA 2485 COMO AVENUE ST PAUL MN 55108 N/A PC GENERAL SUPPORT 50000 MILLER DWAN FOUNDATION - AMBER WING 225 W SUPERIOR ST STE 110 DULUTH MN 55802 N/A PC GENERAL SUPPORT 15000 MINNESOTA ADULT & TEEN CHALLENGE 740 EAST 24TH STREET MINNEAPOLIS MN 55404 N/A PC GENERAL SUPPORT 5000 NORTH HOMES CHILDREN & FAMILY SERVICES 303 SE 1ST ST GRAND RAPIDS MN 55744 N/A PC GENERAL SUPPORT 100000 NORTH ST LOUIS COUNTY HABITAT FOR HUMANITY PO BOX 24 VIRGINIA MN 55792 N/A PC GENERAL SUPPORT 5000 NORTHWOODS CHILDREN'S HOME 714 W COLLEGE ST DULUTH MN 55811 N/A PC GENERAL SUPPORT 15000 PROJECT CARE 3112 6TH AVE E HIBBING MN 55746 N/A PC GENERAL SUPPORT 10000 QUALITY LIVING INC 6404 N 70TH PLAZA OMAHA MN 68104 N/A PC GENERAL SUPPORT 5000 RANGE REGIONAL ANIMAL RESCUE 11215 HIGHWAY 37 HIBBING MN 55746 N/A PC GENERAL SUPPORT 2000 SALVATION ARMY - ALPENA 2323 US 23 ALPENA MN 49707 N/A PC GENERAL SUPPORT 5000 SALVATION ARMY - DULUTH 215 SOUTH 27TH AVE W DULUTH MN 55806 N/A PC GENERAL SUPPORT 5000 SALVATION ARMY - HIBBING 107 W HOWARD ST HIBBING NY 55746 N/A PC GENERAL SUPPORT 100000 SECOND HARVEST FOOD BANK OF ORANGE COUNTY INC 8014 MARINE WAY IRVINE CA 92618 N/A PC GENERAL SUPPORT 2500 SECOND HARVEST NORTHLAND 4503 AIRPARK BLVD DULUTH MN 55811 N/A PC GENERAL SUPPORT 82500 SEXUAL ASSAULT PROGRAM 327 1ST ST S STE 17 VIRGINIA MN 55792 N/A PC GENERAL SUPPORT 10000 SOLVAY HOSPICE HOUSE 225 W SUPERIOR ST STE 110 DULUTH MN 55802 N/A PC GENERAL SUPPORT 15000 SPECIAL OLYMPICS MICHIGAN PO BOX 795 MOUNT PLEASANT MI 48804 N/A PC GENERAL SUPPORT 2500 ST FRANCIS HEALTH SERVICES OF MORRIS INC 801 NEVADA AVE MORRIS MN 56267 N/A PC GENERAL SUPPORT 25000 STAR OF THE NORTH MATERNITY HOME 11 E SUPERIOR STREET DULUTH MN 55802 N/A PC GENERAL SUPPORT 50000 SUNRISE MISSION PO BOX 493 ALPENA MN 49707 N/A PC GENERAL SUPPORT 5000 THE MHE RESEARCH FOUNDATION 8019 HARBOR VIEW TERRACE BROOKLYN DC 11208 N/A PC GENERAL SUPPORT 5000 TRUSTEES OF DARTMOUTH COLLEGE 6066 DEVELOPMENT OFFICE HANOVER NY 037554400 N/A PC GENERAL SUPPORT 10000 TUNNELS TO TOWERS FOUNDATION 2361 HYLAN BLVD STATEN ISLAND MN 10306 N/A PC GENERAL SUPPORT 20000 TWELFTH STEP HOUSE 512 2ND ST N VIRGINIA NE 55792 N/A PC GENERAL SUPPORT 20000 UNION GOSPEL MISSION 219 E 1ST ST DULUTH MN 55802 N/A PC GENERAL SUPPORT 5000 VOYAGEURS LUTHERAN MINISTRY 1325 N 45TH AVE E DULUTH NH 55804 N/A PC GENERAL SUPPORT 20000 WACONIA UNITED FOOD SHELF 11 SOUTH ELM ST WACONIA MI 55387 N/A PC GENERAL SUPPORT 7500 838500 0 14 19 14 567296 01 774 18 547379 0 1115468 0 1115468 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 9292 0 9292 TAX LETTER FEE 450 0 450 !SHARES 1 5 YEAR LNVMT GRD CORP BD - IGSB ETF 2532565 2581866 ARTISAN HIGH INCOME FUND - APHFX 750000 750816 STONE RIDGE HY REINSUR I - SHRIX #2095 780000 769043 ABBOTT LABS COM - ABT 0 70538 ABBVIE INC - ABBV 57964 96651 ACCENTURE PLC IRELAND SHS CLASS A - ACN 135154 147565 ALPHABET INC CL A - GOOGL 117184 634451 ALPHABET INC CL C - GOOG 32521 532519 AMAZON COM INC - AMZN 82223 534579 AMGEN INC - AMGN 56034 91319 ANALOG DEVICES INC - ADI 73767 125294 APPLE INC COM - AAPL 41685 304483 BANK OF AMERICA CORP - BAC 53719 101750 BIO TECHNE CORP - TECH 5348 265527 BLACKROCK INC - BLK 43347 111315 BROADCOM INC - AVGO 111468 209737 CHEVRON CORPORATION - CVX 58175 60507 CISCO SYSTEMS INC - CSCO 60134 105531 COSTCO WHSL CORP - COST 39470 197476 DANAHER CORP - DHR 2588 66387 DARDEN RESTAURANTS INC - ORI 40138 48949 DELL TECHNOLOGIES INC CL C - DELL 75530 68730 DODGE COX STOCK FUND I - DODGX #145 110020 301690 FED EX CORP - FDX 48380 60372 HOME DEPOT INC - HD 61536 126285 HONEYWELL INTERNATIONAL INC - HON 67826 85645 ISHARES CORE MSCI EMERGING MKTS - IEMG ETF 620537 861088 ISHARES CORE MSCI TOTAL - IXUS INTERNATIONAL STOCK ETF 452025 710722 ISHARES INTERNATIONAL SELECT - IDV DIVIDEND ETF 392250 492731 ISHARES MSCI EMERGING MARKETS - EEM ETF 117460 208500 ISHARES RUSSELL 2000 - IWM ETF 281108 806174 ISHARES RUSSELL MID CAP GROWTH - IWP ETF 100179 542556 ISHARES RUSSELL MID CAP VALUE - IWS ETF 57935 182378 J P MORGAN CHASE CO COM - JPM 69881 165943 KIA CORP COM NEW - KLAC 42712 77765 L3HARRIS TECHNOLOGIES INC - LHX 62062 84548 LINDE PLC SHS - LIN 37225 65238 LSHARES CORE MSCI EAFE - IEFA 918480 1073520 MARATHON PETROLEUM CORP - MPC 6729 35779 MASTERCARD INC - MA 25417 134728 MEDTRONIC PLC SHS - MDT 114053 127568 META PLATFORMS INC - META 88538 96373 MICROSOFT CORP COM - MSFT 74299 726881 MORGAN STANLEY COM NEW - MS 72900 159599 NEXTERA ENERGY INC - NEE 120131 142256 QUALCOMM INC COM - QCOM 54369 85354 SALESFORCE INC - CRM 15127 73115 SERVICENOW INC - NOW 20047 166977 STARBUCKS CORP COM - SBUX 71652 65347 TEXAS INSTRUMENTS INC - TXN 51417 83622 TJX COS INC - TJX 91253 113671 UNION PACIFIC CORP COM - UNP 38896 36780 UNITEDHEALTH GROUP INC COM - UNH 134204 139306 WELLS FARGO CO NEW COM - WFC 97609 110069 1261649 1282633 0 0 AMERICAN TOWER CORP - AMT AT COST 148331 196638 MINERAL INTERESTS AT COST 2678 11045 PROLOGIS INC - PLD AT COST 129849 147575 SPDR GOLD SHARES - GLD ETF AT COST 389274 900813 LEGAL FEES 620 0 620 BOOK/TAX TIMING DIFFERENCE 390 MINNESOTA FILING FEE 25 0 25 SALAN CO. - 1/2 MESABI MINING (ST. LOUIS LAND CO.) 402 402 402 ARCELORMITTAL MINORCA MINE INC 6 6 6 INTEREST IN EASEMENT - MN POWER 15 15 15 INVESTMENT MANAGEMENT FEE REIMBURSEMENT 351 351 351 ACCOUNT MANAGEMENT FEES 56931 56931 0 FOUNDATION MANAGEMENT FEES 4625 0 4625 FOREIGN TAXES 9723 9723 0 REAL ESTATE TAX 12 12 0 EXCISE TAXES 13917 0 0